• I haven't studied it deeply, but the American banks started the crisis with far more capital and what I would call "good liquidity." The riskiest funding is unsecured wholesale funding. It's the most fickle. Not repo, which the government focused on, too. Unsecured. JPMorgan Chase had almost none of that - virtually zero.

    "Jamie Dimon on Finance: 'Who Owns the Future?'". Interview with John Micklethwait, March 1, 2016.